Mr. Mark Schneidereit-Hsu reports

TAIGA ANNOUNCES EXTENSION OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Taiga's notice of intention to make a new normal course issuer bid for its common shares through the facilities of the TSX or any other Canadian alternative trading system, renewing Taiga's normal course issuer bid program that expires on Sept. 3, 2026. On Sept. 4, 2026, Taiga may commence making purchases, from time to time, up to a maximum of 5,397,226 of its 107,944,523 outstanding common shares as at Aug. 21, 2026, representing 5 per cent of the outstanding common shares. The actual number of common shares purchased will be determined by the company. The 2026 NCIB will terminate on Sept. 3, 2027, or earlier if Taiga has completed its purchases under the 2026 NCIB.

Taiga believes that the 2026 NCIB is in the best interests of the company and its shareholders, and represents a desirable use of corporate funds. Any common shares acquired pursuant to the 2026 NCIB will be purchased at the prevailing market price up to a daily maximum of 1,186 common shares, being 25 per cent of the average daily trading volume for the last six completed calendar months of 4,745 common shares, subject to the block purchase exemption, and will be cancelled following purchase.

Taiga's prior NCIB commenced on Sept. 4, 2025, and will expire on Sept. 3, 2026. Under the prior NCIB, the company received approval to purchase up to 5,397,226 common shares. The company did not purchase any common shares under the prior NCIB through the facilities of the TSX or other Canadian alternative trading systems.

In connection with the 2026 NCIB, the company has entered into an automatic share purchase plan with RBC Dominion Securities Inc. to permit purchases when the company would ordinarily not be permitted to purchase common shares due to regulatory restrictions or self-imposed blackout periods. Under the ASPP, the company may, but is not required to, instruct RBC DS to make purchases in accordance with the terms of the ASPP. Such purchases will be determined by RBC DS in its sole discretion based on limits established by the company, TSX rules, applicable securities laws and the ASPP. All purchases under the ASPP will count toward the 2026 NCIB.

We seek Safe Harbor.